Banks-Insurance
Bankers Left RON1.8B In BNR Coffers Each Day In May
Bankers left 1.8 billion lei (EUR440 million) at the central bank BNR on each working day of May using the overnight deposit facility, to get rid of excess liquidity, as they did not manage...
Banca Romaneasca Relocates HQ To Euro Tower
Banca Romaneasca, the domestic subsidiary of the National Bank of Greece, rented 3,250 square meters in the Euro Tower office building, located at the intersection of Barbu Vacarescu and Lac...
Loan Provisions Jumped By EUR200M In April, Equaling First Quarter Growth
The loan provisions set up by banks posted another increase in April, leaping by around EUR200 million from March, after a four-month period when they seemed to have stabilized. The April ju...
Sberbank Would Take Over Volksbank Romania Only After Austrian Owners Turn It Around
German Gref, CEO of Russian banking giant Sberbank, was recently in Vienna recently to participate in the negotiations to take over the assets of Volksbank International, where the Romanian...
Romania Draws EUR1.5B From Foreign Markets In 5-Year Bond Sale
Romania sold EUR1.5 billion in five-year bonds at an annual yield of 5.29%, in the first issue of the country's EUR7 billion medium term notes (MTNs) program, with orders books closing at EU...
Romania Sets 5-Year Bond Pricing At 5.4%, Order Book Above EUR2 Bln
Romania set the price guidance of its five-year euro-denominated bond issue at some 5.4%, 20 basis points higher than at its previous international issue in March 2010, banking sources told...
Leu Ends Higher Vs Euro On Rising Volumes
Romania’s leu edged higher against the euro in late trade Thursday, amid growing volumes, and closed 0.2% stronger on the day at 4.1635/4.1645 units.
Romania Sells RON500M 3-Year Bonds At 7.2% Average Yield
Romania’s Finance Ministry on Thursday sold a planned 500 million lei (EUR119.8 million) in three-year bonds, at an average yield of 7.18% a year, slightly lower than at the previous auction...
Private Health Insurance Market Could Grow To EUR5B Through Radical Reforms
Romania's private health insurance market could grow to EUR4-5 billion in a few years, from under EUR10 million at the moment, if authorities adopted the Dutch model, whereby almost the enti...